\n\n“There are now two competing proposals in Congress, neither of which has garnered the support needed to move forward.<\/p>\n\n\n\n
The first is a $908 billion bill that a bipartisan group of senators is working on, which has been heralded as a strong \u201cstarting point\u201d by House Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer. The second is a $916 billion offer from the White House via Treasury Secretary Steven Mnuchin, which Republican lawmakers \u2014 including Senate Majority Leader Mitch McConnell and House Minority Leader Kevin McCarthy<\/a> \u2014 have rallied behind.<\/p>\n\n\n\n Both contain funding for small businesses and vaccine distribution, though they differ on a couple key points. The bipartisan proposal, for example, includes far more funding for unemployment insurance (UI), guaranteeing a weekly $300 boost to recipients for 16 weeks, on top of what they are currently receiving on the state level.<\/p>\n\n\n\n The White House offer, on the other hand, only includes $40 billion to extend expiring programs that have increased access to UI. It also contains funding for a second round of $600 stimulus checks, while the bipartisan proposal does not.<\/p>\n\n\n\n Democrats have already rejected the Mnuchin plan given its treatment of UI, while McConnell has balked at the bipartisan proposal as unnecessarily broad and favored a more targeted bill. These disagreements leave lawmakers at yet another impasse, though both Republicans and Democrats have emphasized they\u2019d like to get something done before leaving for the holiday break, something they\u2019re currently scheduled to do by December 21.”<\/p>\n\n\n\n …<\/p>\n\n\n\n “The recurring issues that lawmakers have struggled to navigate throughout stimulus negotiations are still liability protections \u2014 a top Republican demand \u2014 and state and local aid \u2014 a top Democratic one. Earlier this week, McConnell had even suggested stripping both out of a stimulus bill in order to advance it, signaling some movement given his previous commitment to preserving liability protections.”<\/p>\n\n\n\n …<\/p>\n\n\n\n “Democratic leaders have noted, however, that any package without state and local aid would be completely inadequate given huge budget cuts that regional governments are being forced to make. They\u2019ve said, too, that state aid has support from lawmakers on both sides of the aisle. \u201cState and local funding is bipartisan unlike the extreme corporate liability proposal Leader McConnell made which has no Democratic support,\u201d Schumer has said<\/a>.<\/p>\n\n\n\n Republicans thus far have insisted that liability protections are necessary to ensure that small businesses don\u2019t get hit with a deluge of lawsuits for how they handled the pandemic, while Democrats counter that such shields are intended to protect corporations from accountability. Some Republicans, including McConnell, have opposed state and local aid because they claim that states could use this funding to cover other unrelated costs. Researchers, however, have emphasized that these funds are needed to address what could be up to $500 billion<\/a> in shortfalls that states have accrued due to lower revenues and higher costs during the pandemic.” <\/p>\n\n\n\n